Latest Business News
NBE records EBT of EGP 10.4bn during FY 2014/2015
The bank also achieved a 23% growth in loans granted to small…
CBE’s SME funding initiative met with doubt
The initiative conflicts with other government lending initiatives because of its low…
Egypt to sign petroleum, investment agreements with Saudi Arabia
The agreements to be signed Sunday follow orders from Saudi Arabian King…
Banque Misr pays EGP 3.6bn in taxes, achieves highest net profit in its history
The bank’s net profit reached EGP 4.2bn in FY 2014/2015, compared to…
AIB aims to increase SMEs loans portfolio to EGP 7bn by 2020
The volume of loans provided to SMEs amounted to EGP 1.5bn, equal…
China’s Wanda new FIFA top sponsor
FIFA announced a new sponsorship deal with China's Wanda Group, in a…
Renewable energy targets may have increased emissions
A recent study found that some biofuels produce three times the emissions…
The end of VW in the US?
Volkwagen is struggling with US authorities for a solution to the emissions…
Basic interest rate raised by 1.5%
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…
Domty IPO oversubscribed by 10.718 times
Shares in the Arabian Food Industries Company’s (Domty) initial public offering (IPO)…
